Ether (ETF) cited funds (ETH) in which Ethereum’s native cryptocurrency marked another financial milestone.
first time, These instruments won $10 million in one day.
This powerful entry flow has allowed the Ethher ETF to surpass the $10 million threshold since its launch in July 2024.
These financial instruments directly affect the price of Ethereum’s Indigenous Currencies. This is because the managing company must acquire the underlying assets to support the ETF’s actions.
Simply put, if ETFs are in demand, managers should go to the market and buy. Otherwise, if they are not successful, they have to sell their surplus.
Simple supply and demand laws mean that increasing demand for ETFs results in ether prices rising, and decreasing as they decrease.
In addition to financial products, it should be noted that ETH has become a new love for Wall Street. As reported by Cryptonoticia, More and more companies are analyzing the possibility of incorporating ETH Generate extra income through staking to the Ministry of Corporate Treasury as a reserve asset.
A fact that reflects this trend is that more than 3 million ETH are currently in the hands of institutions.
